Lazard Ltd (LAZ) — Cash Flow Reinvestment Rate
Lazard Ltd (LAZ) has a Cash Flow Reinvestment Rate of 0.14x as of September 2025, reinvesting $40.45 Million (capex $25.51 Million plus investments $-14.94 Million) from operating cash flow of $287.47 Million. See Lazard Ltd free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Lazard Ltd Cash Flow Reinvestment Rate (2003–2024)
Historical reinvestment intensity for Lazard Ltd across 22 annual periods. For the full cash flow conversion analysis, see LAZ operating cash flow.
Annual Cash Flow Reinvestment Rate for Lazard Ltd (2003–2024)
Year-by-year capital reinvestment analysis for Lazard Ltd. See LAZ free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.24x | $179.57 Million | $742.83 Million | $45.50 Million | ▼ -51.6% |
| 2023 | 0.50x | $82.19 Million | $164.66 Million | $28.30 Million | ▲ +292.9% |
| 2022 | 0.13x | $105.95 Million | $833.98 Million | $49.51 Million | ▲ +39.7% |
| 2021 | 0.09x | $78.75 Million | $866.08 Million | $39.70 Million | ▼ -58.8% |
| 2020 | 0.22x | $127.22 Million | $575.93 Million | $64.29 Million | ▲ +76.2% |
| 2019 | 0.13x | $85.00 Million | $677.95 Million | $42.76 Million | ▼ -8.5% |
| 2018 | 0.14x | $95.80 Million | $699.04 Million | $49.59 Million | ▲ +158.4% |
| 2017 | 0.05x | $54.59 Million | $1.03 Billion | $27.67 Million | ▼ -56.1% |
| 2016 | 0.12x | $76.40 Million | $632.60 Million | $38.75 Million | ▲ +302.4% |
| 2015 | 0.03x | $26.63 Million | $887.30 Million | $26.63 Million | ▼ -0.4% |
| 2014 | 0.03x | $22.18 Million | $736.02 Million | $22.18 Million | ▼ -74.0% |
| 2013 | 0.12x | $60.96 Million | $526.70 Million | $60.96 Million | ▼ -37.5% |
| 2012 | 0.19x | $89.30 Million | $481.91 Million | $89.30 Million | ▲ +58.7% |
| 2011 | 0.12x | $46.44 Million | $397.80 Million | $46.44 Million | ▼ -94.9% |
| 2010 | 2.29x | $386.62 Million | $168.80 Million | $13.38 Million | ▲ +4606.1% |
| 2009 | 0.05x | $11.91 Million | $244.78 Million | $11.91 Million | ▲ +33.0% |
| 2008 | 0.04x | $18.51 Million | $505.89 Million | $18.51 Million | ▼ -81.9% |
| 2007 | 0.20x | $14.53 Million | $71.73 Million | $14.53 Million | ▲ +488.4% |
| 2006 | 0.03x | $8.19 Million | $238.04 Million | $8.19 Million | ▲ +293.5% |
| 2005 | 0.01x | $7.82 Million | $893.60 Million | $7.82 Million | ▼ -80.4% |
| 2004 | 0.04x | $19.01 Million | $426.28 Million | $19.01 Million | ▼ -83.6% |
| 2003 | 0.27x | $56.23 Million | $206.52 Million | $56.23 Million | — |